FAW Hongqi arrived at its annual sales target of 200,000 vehicles

To say that the autonomous car company will perform best in 2020, FAW Hongqi must have a place. Not only has it sold more than Volvo, Lexus, and other brands for several consecutive months, it also obtained its annual production target of 200,000 vehicles 11 days ahead of schedule.

Recently, China FAW said, after FAW Hongqi completed 200,000 vehicles 11 days in advance, its sales also reached its annual sales target of 200,000 units one week ahead of schedule, an increase of 100% year-on-year.

Faced with the dual pressure of the cold winter of the market and the impact of the pandemic, it is rare that Hongqi brand sales have maintained rapid growth.

The sales of Hongqi in the previous three years were 4561 vehicles in 2017, 33,000 vehicles in 2018, and 100,000 vehicles in 2019. The sales volume of Hongqi exceeded 200,000 vehicles this year, which means that Hongqi has grown at least 100% year-on-year for three consecutive years.

In the face of Hongqi’s hot sales, many online users questioned it because the image of the Hongqi official car was purchased in large quantities by government units, so sales increased sharply.

Regarding this statement, Chen Xu, general manager of FAW Hongqi Automobile Sales Co., Ltd., earlier said that private retail sales accounted for 95.7%, and government-purchased vehicles accounted for only 3.4%.

In fact, FAW Hongqi’s ability to achieve growth against the trend is inseparable from its hard work and rapid launch of new models. At present, FAW Hongqi has launched a number of models including H9, H5, HS5, HS7, E-HS9, etc. Among them, the medium and large sedan H9 was launched this year.

The price of 309,800 yuan ($47,356.99 US) to 538,800 yuan ($82,362.65 US) is also the highest traditional fuel model of its own, mainly against luxury-brand models such as Mercedes-Benz E-Class and BMW 5 Series.

A few days ago, FAW Hongqi E-HS9 was officially launched. The new car is positioned as a medium and large pure electric SUV. The manufacturer’s guide price range is 509,800 yuan ($77,929.62 US) to 729,800 yuan ($1,11,559.50 US).

It is currently the highest-priced mass-produced pure electric model among independent brands. It is reported that in the next 10 years, Hongqi brand products will be increased to 30 models, covering more market segments, so as to build four major products: L (extreme car), S (coupe), H (mainstream car), and Q (commercial car) series.

In accordance with the latest revised target this year, FAW-Hongqi’s sales target for 2020 is 200,000 vehicles. In 2021, it aims to double this year’s (400,000 vehicles). The target for 2022 is 500,000 to 600,000 vehicles and the target for 2025 is 70. -800,000 vehicles.

(Via)